Proofpoint Inc. stock bounced back in late trading after a steep drop Thursday, as the security-software firm showed off better quarterly earnings results than expected. Proofpoint announced a first-quarter loss of $25.5 million, or 59 cents a share, on sales of $113.3 million. After adjusting for $22.4 million in stock-based compensation and other factors, Proofpoint claimed a profit of $5.5 million, or 12 cents a share. Analysts on average expected adjusted earnings of 9 cents a share on sales of $110.6 million, according to FactSet. Proofpoint also beat analysts’ expectations in billings, which reflects deals signed for future business, with $137.4 million. Proofpoint also raised its forecast for revenue and billings for the full year. Proofpoint shares, which fell 8.5% in regular trading, jumped more than 7% in after-hours action following the release of the results.
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